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To ensure successful execution of companies' strategic plans, executives should realize the importance of good communication and implement practices such as distributing one-page descriptions of strategic plans and consistently scheduling follow-up meetings on them, Angela Poulson writes.

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Modular process control buildings allow for flexible process automation and power distribution to remote sites and help save space, Principal Technology CEO Matthew S. Hodson writes. He adds that the modular buildings offer advantages over standard control panels because they are more secure and can include climate-control functions.

Europe's CEOs are used to receiving big salaries, exit bonuses and other perks, but the continent's political leaders are planning to put an end to the largess. The Netherlands wants to limit golden parachutes to just €75,000; France and Spain are increasing taxes on exit bonuses; and Germany is also seeking to rein in executive pay. "Exorbitance cannot be allowed in a free and socially minded society," said German Chancellor Angela Merkel.

When forming a reliability department to streamline the operations and maintenance processes, you must be sure to choose the right leader. Select the person who can ensure that the department can help employees do their jobs better, handle short- and long-term issues, develop an effective operator-driven reliability process and establish operations-maintenance routines.

Important components to attaining sustainable manufacturing include optimizing fossil fuel use, reducing pollution and recycling, writes Jack Rubinger. In order to achieve sustainable manufacturing, you must also promote the practice in the workplace through signs and labels on all containers, equipment and machines, he writes.

It's a good idea to create a one-page business plan or executive summary that includes information about the problem your company addresses and how you manage to solve it, Noah Parsons writes. "Investors will use this document to get an understanding of your communication skills as well as your ability to think critically about your business."